Claris in JV with Japan's Otsuka Pharma, Mitsui for drugs biz

MUMBAI Fri Dec 7, 2012 1:22pm IST

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MUMBAI (Reuters) - Drugmaker Claris Lifesciences Ltd (CLAI.BO) said on Friday it will form a joint venture with Japan's Otsuka Pharmaceutical Factory and Mitsui & Co Ltd (8031.T) for its medical infusion drugs business in India and emerging countries.

Claris said its board also approved the sale of its infusion business, on a slump basis, to the company's fully-owned unit, Claris Speciality Injectables, which will eventually run the joint venture.

(Reporting by Kaustubh Kulkarni in MUMBAI)

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